Author Archives: Editor
Hedge Funds Set to Win on Bonds of Germany’s Depfa Bank
WSJ – A group of New York hedge funds is among those who likely will profit on the bonds of Depfa Bank, after the lender’s parent proposed on Wednesday to buy back some of its debt. Hedge funds representing two-thirds […]
Computer-Driven Hedge Funds End Three-Year Losing Streak
WSJ – A little-known but long-established London hedge fund showed a clean pair of heels to peers last year, ratcheting up a gain of almost 70% as funds of its style staged a comeback in Europe. Mulvaney Capital Management’s Global […]
Ex-SAC’s Kumin Said to Gather $1 Billion for Hedge Fund Startup
Bloomberg – Solomon Kumin, who was chief operating officer of billionaire Steven A. Cohen’s SAC Capital Advisors, is on track to gather $1 billion for his hedge fund firm when it starts trading in March, according to a person familiar with […]
Former SEC Chief Accountant Rejoins Hedge Fund Marketplace
New York (HedgeCo.Net) – Jaime L. Eichen, former Chief Accountant for the Division of Investment Management at the U.S. Securities and Exchange Commission (SEC), has rejoined EY as a Partner in the Professional Practice Group with a focus on the […]
Investors cut hedge fund bets in January
Reuters – Investors’ interest in hedge funds fell in January as they pulled out more cash than they invested, data showed on Tuesday, part of an annual rejig of portfolios. The SS&C GlobeOp Capital Movement Index, which calculates monthly hedge […]
Investment Advisors: $5 Trillion In Liquid Assets To Change Hands
New York (HedgeCo.Net) – At least $16 trillion of global ultra high net worth (UHNW) wealth will be transferred to the next generation over the next 30 years, according to the Wealth-X and NFP Family Wealth Transfers Report. This will […]
SS&C GlobeOp Hedge Fund Performance Index
SS&C GlobeOp announced that the gross return of its Hedge Fund Performance Index for December 2014 measured 0.11%. This figure is down from 1.13% in the previous month. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index […]
Bank Of America Dumps Hedge Funds
New York (HedgeCo.Net) -Bank of America’s shares fell 1.5% to $16.43 in trading yesterday after the bank severed ties with approximately 150 hedge funds in its prime brokerage group, The Street reported today. Bloomberg says: “The second-largest U.S. bank made the […]
Myriad, Dymon Hedge Funds Said to Return About 20% in 2014
Bloomberg – Alibaba, China yuan stocks and currency trades brought it home for Asian hedge funds in 2014. Trades related to the linkage of the Shanghai and Hong Kong stock exchanges drove a 35 percent gain in the $942 million […]
Last Year’s Stock Market Has Hedge Funds Running
Business Insider – After a rough end to 2014, hedge funds are entering the new year with a little more caution. The Wall Street Journal reported Monday that hedge fund leverage has fallen to a two-year low, according to a […]
PFZW Nets $56M Profit from Hedge Fund Exits
CIO – Dutch healthcare sector pension PFZW netted a $56 million profit in two months as it exited hedge funds last year. PGGM— which manages assets on behalf of PFZW—completed the majority of the liquidation in November and December. PFZW […]